Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
An interim final rule that, effective May 15, revises Regulation Z, which implements the Truth in Lending Act (TILA), in conformance with the transition away from the London Interbank Offered Rate (LIBOR) as an index […]
Title: Residential Property Assessed Clean Energy Financing (Regulation Z) Subject: PACE financing; Reg Z Agency: CFPB Status: Proposed rule Summary: Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs […]
Title: Facilitating the LIBOR Transition Consistent With the LIBOR Act (Regulation Z) Subject: LIBOR; Reg Z Agency: CFPB Status: Interim final rule; request for public comment Summary: The Consumer Financial Protection Bureau (CFPB or […]
A bank may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it, according to guidance issued Wednesday by the federal consumer financial protection agency. […]
More than $22 million will be distributed to about 6,500 consumers who were allegedly harmed by a Maryland-based debt relief and credit repair company, the federal consumer financial protection agency said Friday. In a post […]
The four groups that advise the Consumer Financial Protection Bureau (CFPB) on the bureau’s policy agenda and matters affecting consumers, consumer banks and credit unions are set to hold virtual public meetings from May 16-19, […]
Title: Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt Subject: FDCPA Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to affirm that the Fair […]
Regulation Z, implementing the Truth in Lending Act (TILA), would be conformed with legislation enacted last year to complete the transition away from a now-defunct interest rate reference tool under an interim final rule unveiled […]
Military servicemembers are often not receiving the free credit monitoring services they are entitled to under the law, according to the federal consumer financial protection agency, evidenced by complaints received by the agency. In a […]
U.S. dollar (USD) London Inter-Bank Offered Rate (LIBOR) panels end June 30, and banks and credit unions are expected to complete their transition of remaining LIBOR contracts as soon as practicable, the federal banking, credit […]
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